Lockheed Martin sticks with F-35 pricing plan

The defense contractor says the next group of F-35 combat jets will be priced at less than $100 million each

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DougCameron

Lockheed Martin Corp. said it expects the next batch of F-35 combat jets to be priced at less than $100 million each, a target that is in line with existing Pentagon plans.

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Chief Executive Marillyn Hewson has met twice with President Donald Trump after he criticized the cost of the F-35 program. Hewson has committed to bringing down the price.

Hewson said on an investor call that the price of the F-35A models being used by the U.S. Air Force and most overseas buyers would fall below $100 million. This compares with $102 million for the previous order and is in line with the Pentagon’s target for a 6% to 7% sequential drop.

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She also said the F-35 plan still calls for the price of the most common model to fall to around $85 million in inflation-adjusted dollars by 2019, in line with existing Pentagon plans.

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